IllustrativeEmployers added 57,000 jobs in June, far below forecasts
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Employers added 57,000 jobs in June, a number that is reported to be far below forecasts. The hiring slowdown may be a sign of weakness in the job market, with some reports also noting a 5-year low in participation and an unemployment rate of 4.2%. The slower job growth is attributed to various factors, including elevated inflation and global turmoil.
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